Looking to diversify beyond FSMSX? The mutual funds below have historically moved differently from FSMSX, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FSMSX
21 mutual funds have low correlation with FSMSX (below 0.3), 7 of which are negatively correlated. The least correlated is AQR Style Premia Alternative R6 (QSPRX) (Multistrategy) with a 1Y correlation of -0.16, down from 0.03 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| AQR Style Premia Alternative R6 | -0.16 | -0.05 | 0.03 | 89 | Multistrategy | FSMSX vs QSPRX | |
| AQR Style Premia Alternative Fund - Class I | -0.15 | -0.04 | 0.04 | 89 | Multistrategy | FSMSX vs QSPIX | |
| AQR Style Premia Alternative Fund Class N | -0.14 | -0.05 | 0.03 | 88 | Multistrategy | FSMSX vs QSPNX | |
| GuideStone Funds Strategic Alternatives Fund | -0.14 | 0.03 | 0.08 | 92 | Multistrategy | FSMSX vs GFSYX | |
| Stone Ridge Diversified Alternatives Fund | -0.07 | -0.05 | -0.02 | 93 | Multistrategy | FSMSX vs SRDAX |
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